Defined contribution retirement plans: Selected attributes

Table 8. Defined contribution retirement plans: Selected attributes, private
industry workers,  National Compensation Survey, March 2012

(All workers participating in defined contribution plans = 100 percent)

Characteristics

Employee contribution

Employee contribution
option

Required

Not required

Pretax

Not pretax

All workers

67

33

84

16

Worker characteristics

       

Management, professional, and related

68

32

85

15

    Management, business, and financial

70

30

86

14

    Professional and related

67

33

85

15

Service

65

35

85

15

    Protective service

87

13

94

6

Sales and office

67

33

83

17

    Sales and related

72

28

85

15

    Office and administrative support

64

36

82

18

Natural resources, construction, and maintenance

64

36

83

17

    Construction, extraction, farming, fishing, and
     forestry

50

50

79

21

    Installation, maintenance, and repair

73

27

86

14

Production, transportation, and material moving

69

31

84

16

    Production

68

32

82

18

    Transportation and material moving

70

30

86

14

Full time

67

33

84

16

Part time

67

33

83

17

Union

61

39

80

20

Nonunion

68

32

84

16

Average wage within the following categories:1

       

    Lowest 25 percent

73

27

84

16

        Lowest 10 percent

69

31

87

13

    Second 25 percent

68

32

83

17

    Third 25 percent

65

35

83

17

    Highest 25 percent

67

33

85

15

        Highest 10 percent

68

32

87

13

Establishment characteristics

       

Goods-producing industries

65

35

82

18

    Construction

52

48

77

23

    Manufacturing

68

32

83

17

Service-providing industries

68

32

84

16

    Trade, transportation, and utilities

73

27

86

14

        Wholesale trade

68

32

85

15

        Retail trade

78

22

87

13

        Transportation and warehousing

63

37

86

14

        Utilities

84

16

    Information

77

23

87

13

    Financial activities

67

33

81

19

        Finance and insurance

67

33

81

19

            Credit intermediation and related activities

63

37

80

20

            Insurance carriers and related activities

76

24

85

15

        Real estate and rental and leasing

68

32

81

19

    Professional and business services

66

34

85

15

        Professional and technical services

68

32

83

17

        Administrative and waste services

64

36

    Education and health services

61

39

83

17

        Educational services

59

41

87

13

            Junior colleges, colleges, and universities

62

38

86

14

        Healthcare and social assistance

62

38

83

17

    Leisure and hospitality

72

28

87

13

        Accommodation and food services

71

29

87

13

    Other services

67

33

1 to 99 workers

64

36

82

18

    1 to 49 workers

64

36

82

18

    50 to 99 workers

66

34

82

18

100 workers or more

69

31

85

15

    100 to 499 workers

73

27

87

13

    500 workers or more

65

35

83

17

Geographic areas

       

New England

68

32

88

12

Middle Atlantic

65

35

88

12

East North Central

62

38

80

20

West North Central

68

32

82

18

South Atlantic

68

32

84

16

East South Central

72

28

87

13

West South Central

72

28

84

16

Mountain

69

31

86

14

Pacific

68

32

83

17

1The categories are based on the average wage for
each occupation surveyed, which may include workers
with earnings both above and below the threshold. The
average wages are based on the estimates published in
the "National Compensation Survey: Occupational
Earnings in the United States, 2010." See Technical Note
for more&nb sp;details.


NOTE: Because of rounding, sums of individual items may
not equal totals. Dash indicates no workers in this
category or data did not meet publication criteria. For
definitions of major plans, key provisions, and related
terms, see the "Glossary of Employee Benefit Terms" at
www.bls.gov/ncs/ebs/glossary20112012.htm.